AT&T: Deal's Dead, Says Bernstein; It Ain't Over, Says Wells

Responses have been streaming in all afternoon to the news that the U.S. Department of Justice is suing to block AT&T's (T) merger with Deutsche Telekom's (DTEGY) T-Mobile USA.

U.S. deputy Attorney General James Cole said during the Department's press conference that the government hopes to prevent a situation where millions of consumers are paying higher prices. As noted earlier, AT&T is resolute and say they will...